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[Time] Citibank Hacked, Admits it a month later - Page 2

post #11 of 38
Actually, there are viable reasons for keeping it hush hush...

1) The F.B.I. was definitely notified, which probably told Citibank to zip it...
2) To prevent a run on the Bank?
3) To prevent a massive loss in Stocks?
4) To catch the crook, making them "think" everything is ok...

Who knows why they did it, but I'm sure they had great reasons to keep it hush hush.
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post #12 of 38
Quote:
Originally Posted by _GTech View Post
Actually, there are viable reasons for keeping it hush hush...

1) The F.B.I. was definitely notified, which probably told Citibank to zip it...
2) To prevent a run on the Bank?
3) To prevent a massive loss in Stocks?
4) To catch the crook, making them "think" everything is ok...

Who knows why they did it, but I'm sure they had great reasons to keep it hush hush.

in the end, none of those benefit the end consumer if they loose everything
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post #13 of 38
I'm so tired and disgusted by this recent wave of "hacking." So sick and tired of people acting without conscience. I'm not defending the entities that were the target of attacks, but the actions by the attackers is malicious just for the sake of being malicious. Yes, it's disappointing to not hear up-front info from citibank, sony, etc., about their security (and not divulging incidents as soon as they happen so potentially affected users can properly protect themselves and their info). Hacking has never been about someone acting altruistically, exposing flaws in systems, and it's always been about people needing to enhance their ego, acting recklessly without remorse for the people they are screwing over in the process just because they can.

Quote:
Originally Posted by _GTech View Post
Actually, there are viable reasons for keeping it hush hush...

1) The F.B.I. was definitely notified, which probably told Citibank to zip it...
2) To prevent a run on the Bank?
3) To prevent a massive loss in Stocks?

4) To catch the crook, making them "think" everything is ok...

Who knows why they did it, but I'm sure they had great reasons to keep it hush hush.
Neither of the bolded ones are acceptable excuses for a business to not divulge compromised security to at least their customers, if not to the general public.
Edited by guyladouche - 6/9/11 at 6:16am
    
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post #14 of 38
As someone who used to work in the Fraud department of Citi Cards, not banking but credit cards, I can say from experience that companies get hacked all the time and some of them never release that info. Its not just merchants, there are companies here in the USA whose only job is to process credit card transactions for merchants that get hacked as well. The 3 years I worked in that department while going to college, we had alerts of what Citi called, "account compromises", of a merchant or 3rd party processor that was hacked. It happens more often than most people are willing to admit. I couldn't imagine the amount of alerts they are probably receiving today, my last year there was in 2005 and technology has improved drastically since I worked there.
post #15 of 38
"Hurrr im 13 and spend waaaaay too much time on 4chan. Also I do not use banks. Citibank totally deserves this. This is what they get for being a fat cat corporation and like stealing from the people...and stuff. Anonymous has spoken lawl"
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post #16 of 38
Quote:
Originally Posted by Masked View Post
...I actually don't necessarilly disagree with their tactics.

They did a complete internal investigation and then at the conclusion of that investigation released their findings.

This wasn't a Sony crisis where the world knew they were hacked 10 minutes later but, had no idea by whom.

Citibank found out the who, what, where, when, why and how...Then reported.

Sony tactic = ALERT THE MEDIA, PANIC!
Citibank tactic = Investigate then report.

But they STILL TOOK PERSONAL INFORMATION. Oh hurray, now Citibank will be more secure! But wait, why wouldn't they just hack them and leave all the information there and say, "Hey citibank, we just hacked you really easily. Check your security ". They didnt, they broke in and stole personal information from normal day to day customers and kept it.
    
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post #17 of 38
Quote:
Originally Posted by Flatliner View Post
But they STILL TOOK PERSONAL INFORMATION. Oh hurray, now Citibank will be more secure! But wait, why wouldn't they just hack them and leave all the information there and say, "Hey citibank, we just hacked you really easily. Check your security ". They didnt, they broke in and stole personal information from normal day to day customers and kept it.
I think you misread the quote. he wasn't saying he agreed with the tactics of the hackers. He agreed with the tactics of citi bank.
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post #18 of 38
All of these hacks lately can't be the result of only Lulzsec and "anonymous". I bet there is some ring of hackers that no one knows about but themselves doing a lot of this. Any kind of remotely public group would be taken down quickly.
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post #19 of 38
Thread Starter 
Quote:
Originally Posted by bulmung View Post
I think you misread the quote. he wasn't saying he agreed with the tactics of the hackers. He agreed with the tactics of citi bank.
Oye, I was actually supporting the bank.

Several others in this thread have also pointed out that the FBI told them to keep "hush".

Which, considering I believe it's a law that a Fed. Bank has to alert the FBI if "hacked" then, obviously they did what they had to.

Sony's OMG WE'VE BEEN HACKED! Tactic, obviously didn't work.

Not saying Citibank's alert worked but, their tactics at least make some sense.
post #20 of 38
Quote:
Originally Posted by Masked View Post
Oye, I was actually supporting the bank.

Several others in this thread have also pointed out that the FBI told them to keep "hush".

Which, considering I believe it's a law that a Fed. Bank has to alert the FBI if "hacked" then, obviously they did what they had to.

Sony's OMG WE'VE BEEN HACKED! Tactic, obviously didn't work.

Not saying Citibank's alert worked but, their tactics at least make some sense.
Sony's "tactic" was far from saying OMG we've been hacked.
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